“The Moon Very Soon” – Cryptic Elon Musk stimulates Bitcoin as the price suddenly rises above $ 60,000 and Ethereum reaches a high level

Bitcoin rose sharply, rising sharply above $ 60,000 on bitcoin for the first time since mid-March.

The bitcoin price reached a maximum value of 61,222 USD on the Luxembourg Bitstamp stock exchange before falling slightly, an increase of 5% in the last 24 hours. Meanwhile, ethereum, the second largest cryptocurrency after bitcoin, has risen to a record high of more than $ 2,100.

The exact cause of the rise in bitcoin prices early Saturday morning was not immediately clear, however, a cryptic tweet from Tesla

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billionaire and bitcoin buyer Elon Musk boosted the cryptocurrency market by $ 2 trillion.

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“… I’m going to the moon very soon,” Musk said through Twitter, shortly after the price of bitcoin rose, probably referring to the popular meme “bitcoin per month” and causing speculation SpaceX, Musk’s rocket company, could follow Tesla by adding bitcoin to its balance sheet.

“SpaceX is buying bitcoin?” she, he asked Danny Scott, executive director of bitcoin and cryptocurrency exchange CoinCorner in the Isle of Man, in response to Musk’s tweet.

Late last year, Elon Musk established the bitcoin and cryptocurrency market when he posted on Twitter about the possibility of making large bitcoin purchases. In the coming weeks, Tesla added bitcoin to $ 1.5 billion in its balance sheet.

Meanwhile, Musk continued to talk about his “fav” cryptocurrency on Twitter, the rival “joke” bitcoin dogecoin. On April 1, Musk said his private missile company SpaceX would set a “dogecoin on the literal month” – sending 35% of the price of the meme-based cryptocurrency.

The price of bitcoin has doubled so far in 2021, rising from just under $ 30,000 per bitcoin. The broad rally of cryptocurrencies has seen the entire cryptocurrency market more than double to reach a combined value of over $ 2 trillion, with ether growing by 1,200% in the last 12 months.

Ethereum grew after a long-awaited upgrade began and was spurred by the growth of decentralized finance (DeFi) – using cryptocurrency technology to reinvent traditional finance, largely on the Ethereum blockchain.

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The massive Bitcoin rally, launched by PayPal news

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would begin to support bitcoin and a handful of other cryptocurrencies in October, picked up pace as the expected institutional adoption of bitcoin and cryptocurrencies began to materialize.

Bitcoin has also seen its reputation for “digital gold” grow over the past year, thanks to well-known investors, including Paul Tudor Jones, calling it a hedge against inflation.

“Until recently, advisory brokers, advisors and banks removed the crypto as ‘too volatile’ – as they did with today’s home technology brands 20 years ago, failing to acknowledge this. as a legitimate asset class in investor advice, ”Stephen Kelso, head of capital markets at ITI Capital, said in comments via email.

“We are now seeing a dramatic change in the approach of asset and wealth managers, who are increasingly advising their clients that bitcoin is a preferential investment over gold.”